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Everest Re Group has reported first quarter 2017 net income of $291.6 million, a 69 percent increase on its first quarter 2016 net income of $171.7 million. 25 April 2017
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Students from Butler University’s Lacy School of Business in Indianapolis have been given licensing approval from the Bermuda Monetary Authority (BMA) to create a captive on Bermuda. 24 April 2017
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The Association of Bermuda Insurers and Reinsurers (ABIR) has released the 2016 global underwriting results for its member re/insurers. 24 April 2017
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AXIS Capital Holdings has teamed up with Renmin University in Beijing in China to create the AXIS Re Actuarial Scholarship. 24 April 2017
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The chief executive of Hamilton Re has said the company’s acquisition of the renewal rights to Canopius Underwriting Bermuda's (Sompo Canopius) excess casualty insurance book of business offers the company diversification and will run in parallel with its joint venture with Iron-Starr. 24 April 2017
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Randall & Quilter, a Bermuda-based specialist non-life insurance investor, has almost tripled its profits, which can be attributed to the 15 legacy transactions completed during 2016, as well as further net reserve releases from insurance companies in run-off. 21 April 2017
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M&A insurance claims are becoming more and more frequent, and the larger transaction are carrying greater risk with the average pay-out topping $20 million, according to a study of representation and warranty (R&W) claims by American International Group (AIG). 21 April 2017
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XL Catlin has increased its terrorism insurance coverage limits to $250 million in the US. 20 April 2017
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Bermuda-based Global Atlantic Financial Group has hired Sam Barnett as head of sales for the company’s life insurance business. 20 April 2017
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AGER Bermuda Holding, the holding company of Athene Holding’s German Group Companies, has received binding subscriptions for a capital raise that was conducted through a private placement of common equity securities. 19 April 2017
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